LMT - Lockheed Martin secures $581.64M Air Force contract

Lockheed Martin (NYSE:LMT) has been awarded an ID/IQ contract in the amount of $581.64M for Global Positioning System (or GPS) IIR IIR-M III IIIF On-Orbit Support. This contract will provide engineering services to the operational units in support of GPS Block IIR/IIR-M/III/IIIF satellite constellation. It encompasses, but is not limited to, technical expertise, system administration for government furnished property, cybersecurity, special studies, data collection, and anomaly resolution. The Space Systems Command Directorate of Contracting is the contracting activity (FA8823-22-D-0002).

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Lockheed Martin secures $581.64M Air Force contract